Pakistan: Domestic Appliances Market 2024

Domestic Appliances Market Size in Pakistan

After two years of growth, the Pakistani domestic appliances market decreased by -1.2% to $X in 2021. The market value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank in the following year.

Domestic Appliances Production in Pakistan

In value terms, domestic appliances production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 16%. Over the period under review, production attained the maximum level at $X in 2020, and then shrank in the following year.

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Domestic Appliances Exports

Exports from Pakistan

In 2021, the amount of domestic appliances exported from Pakistan skyrocketed to X units, increasing by 20% on the previous year's figure. Overall, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 30%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, domestic appliances exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh (X units), Afghanistan (X units) and Iraq (X units) were the main destinations of domestic appliances exports from Pakistan.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +42.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Iraq ($X) and Afghanistan ($X) constituted the largest markets for domestic appliances exported from Pakistan worldwide, together comprising 59% of total exports.

Iraq, with a CAGR of +34.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average domestic appliances export price stood at $X per unit in 2021, picking up by 1.7% against the previous year. In general, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 185%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Yemen ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Appliances Imports

Imports into Pakistan

Domestic appliances imports into Pakistan fell to X units in 2021, waning by -8.9% on the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 45%. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, domestic appliances imports soared to $X in 2021. Over the period under review, imports, however, posted a perceptible increase. The pace of growth was the most pronounced in 2014 with an increase of 45%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of domestic appliances to Pakistan, accounting for a 120% share of total imports. Moreover, domestic appliances imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. The third position in this ranking was held by Thailand (X units), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.7% per year) and Thailand (-9.6% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Turkey ($X) appeared to be the largest domestic appliances suppliers to Pakistan, with a combined 92% share of total imports. Thailand, Italy and the Czech Republic lagged somewhat behind, together comprising a further 4.7%.

Among the main suppliers, the Czech Republic, with a CAGR of +35.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average domestic appliances import price stood at $X per unit in 2021, growing by 50% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, domestic appliances import price increased by +93.4% against 2019 indices. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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